On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

NetworkNewsBreaks – Matinas BioPharma Holdings, Inc. (NYSE: MTNB) Receives ‘Buy’ Rating, $8 PT at Aegis Capital

Company: Matinas BioPharma Holdings, Inc. (MTNB)
Category: Analyst Alerts

Aegis Capital has issued a ‘Buy’ rating and price target of $8 on shares of Matinas BioPharma’s (NYSE: MTNB) stock. The news follows the company’s report of financial results for the year ended December 31, 2016, for which the company reported cash and cash equivalents of approximately $4.1 million. The analyst noted this cash position and said he expects the company to end the first quarter of 2017 with approximately $14 million and enough cash to fund operations through the second quarter of 2018. The company also recently provided a clinical update, such as plans to initiate a study of MAT2203 for prevention of fungal infections in patients with hematological malignancies. Additionally, Matinas is planning an ascending dose study for pharmacokinetics and tolerability of MAT2501, a cochleated version of amikacin, in healthy volunteers.

For more information visit www.matinasbiopharma.com

About Matinas BioPharma

Matinas BioPharma is a clinical-stage biopharmaceutical company focused on developing innovative anti-infectives for orphan indications. The company’s proprietary, disruptive technology utilizes lipid-crystal nano-particle cochleates to nano-encapsulate existing drugs, making them safer, more tolerable, less toxic and orally bioavailable. The company’s lead anti-infective product candidates, MAT2203 and MAT2501, position Matinas BioPharma to become a leader in the safe and effective delivery of anti-infective therapies utilizing its proprietary lipid-crystal nano-particle cochleate formulation technology.

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

NetworkNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.418.1217